Brazil's federally controlled Banco do Brasil (BB) has pulled in a US$100mn loan from Italian bank Intesa Sanpaolo, local business daily Valor Econômico quoted BB's international director Sandro Kohler Marcondes as saying.Brazil's federally controlled Banco do Brasil (BB) has pulled in a US$100mn loan from Italian bank Intesa Sanpaolo, local business daily Valor Econômico quoted BB international director Sandro Kohler Marcondes as saying.
The loan will be backed by credit insurance from Italian credit group Sace, the report said.
The loan has a three year term and will be used to finance trade, giving preference to Italian companies, Kohler was quoted as saying.
In April, Intesa Sanpaolo was part of a US$210mn syndicated loan to Unibanco (NYSE: UBB).
The loan will be backed by credit insurance from Italian credit group Sace, the report said.
The loan has a three year term and will be used to finance trade, giving a preferance to Italian companies, Kohler was quoted as saying.
In April, Intesa Sanpaolo was part of a US$210mn syndicated loan to Unibanco (NYSE: UBB).
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